https://www.taxtmi.com/caselaws?id=438902 The HC disposed of the petition concerning a customs demand of Rs. 4,49,35,190 against the petitioner for breaching a re-export bond. The vessel involved was sold, and proceeds were deposited in court. The court suggested the Revenue apply in admiralty proceedings to recover the duty demand from these proceeds, noting sufficient funds to cover all claims. The petition was disposed of without costs, allowing for revival or a fresh petition if necessary, and emphasized cooperation and efficient use of sale proceeds to satisfy claims, including the duty demand. en-us Tue, 06 Jun 2023 00:00:00 +0530 Thu, 23 Nov 2023 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438902 The HC disposed of the petition concerning a customs demand of Rs. 4,49,35,190 against the petitioner for breaching a re-export bond. The vessel involved was sold, and proceeds were deposited in court. The court suggested the Revenue apply in admiralty proceedings to recover the duty demand from these proceeds, noting sufficient funds to cover all claims. The petition was disposed of without costs, allowing for revival or a fresh petition if necessary, and emphasized cooperation and efficient use of sale proceeds to satisfy claims, including the duty demand. Case-Laws Customs Tue, 06 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438902